LSN: Experimental Studies (Topic)最新文献

Good Monitoring, Bad Monitoring 好的监控，坏的监控

LSN: Experimental Studies (Topic) Pub Date : 2014-04-01 DOI: 10.2139/ssrn.1906326

Yaniv Grinstein, Stefano Rossi

引用次数: 11

Inflation Targeting Monetary and Fiscal Policies in a Two-Country Stock-Flow Consistent Model 两国股票流动一致性模型下的通货膨胀目标制货币与财政政策

LSN: Experimental Studies (Topic) Pub Date : 2012-07-12 DOI: 10.2139/ssrn.2104255

Matthew Greenwood‐Nimmo

引用次数: 18

Voting on Punishment Systems within a Heterogeneous Group 在异质群体中对惩罚制度的投票

LSN: Experimental Studies (Topic) Pub Date : 2011-10-01 DOI: 10.2139/ssrn.1368662

C. Noussair, Fangfang Tan

引用次数: 113

When Does Knowledge Become Intent?: Perceiving the Minds of Wrongdoers 知识何时变成意图?:感知犯错者的思想

LSN: Experimental Studies (Topic) Pub Date : 2011-07-12 DOI: 10.2139/ssrn.1884518

Pam Mueller, L. Solan, J. Darley

引用次数: 0

The Price Effects of Event Risk Protection: The Results from a Natural Experiment 事件风险保护的价格效应:一个自然实验的结果

LSN: Experimental Studies (Topic) Pub Date : 2010-07-16 DOI: 10.2139/ssrn.1641304

Karl S. Okamoto, David J. Pedersen, N. Pedersen

{"title":"The Price Effects of Event Risk Protection: The Results from a Natural Experiment","authors":"Karl S. Okamoto, David J. Pedersen, N. Pedersen","doi":"10.2139/ssrn.1641304","DOIUrl":"https://doi.org/10.2139/ssrn.1641304","url":null,"abstract":"Prior studies have generally agreed that bond prices reflect both the event risk faced by the holders of a particular issuer’s debt securities and the degree of protection from event risk contained within the terms of the bond. Therefore, it has been found that bonds without event risk protection command a premium over comparable bonds with “change in control puts” or similar protective covenants. Although prior studies have reached this common conclusion, each has struggled with a common problem. The decision to include protective covenants is endogenous. Bonds facing the highest event risk are likely to be those for which event risk protection is most highly valued. Therefore a determination of the pricing effect of event risk protection must somehow control for the differing degree of event risk faced by the different bonds included in any given study’s sample. While various proxies for the likelihood of an event, a leveraged buyout or recapitalization, have been developed, they are by their nature imprecise. A recent event, a series of court decisions regarding the proposed leveraged buyout of Bell Canada, the largest LBO transaction announced in history, provides a natural experiment for evaluating the pricing effect of event risk protection in corporate bonds that avoids the endogeniety problem. We report the results of that experiment in this paper.","PeriodicalId":126614,"journal":{"name":"LSN: Experimental Studies (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121626632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Measuring Trust: Experiments and Surveys in Contrast and Combination 信任测量:对比与结合的实验与调查

LSN: Experimental Studies (Topic) Pub Date : 2009-03-01 DOI: 10.2139/ssrn.1367375

Michael Naef, J. Schupp

{"title":"Measuring Trust: Experiments and Surveys in Contrast and Combination","authors":"Michael Naef, J. Schupp","doi":"10.2139/ssrn.1367375","DOIUrl":"https://doi.org/10.2139/ssrn.1367375","url":null,"abstract":"Trust is a concept that has attracted - significant attention in economic theory and research within the last two decades: it has been applied in a number of contexts and has been investigated both as an explanatory and as a dependent variable. In this paper, we explore the questions of what exactly is measured by the diverse survey-derived scales and experiments claiming to measure trust, and how these different measures are related. Using nationally representative data, we test a commonly used experimental measure of trust for robustness to a number of interferences, finding it to be mostly unsusceptible to stake size, the extent of strategy space, the use of the strategy method, and the characteristics of the experimenters. Inspired by criticism of the widespread trust question used in many surveys, we created a new, improved survey trust scale consisting of three short statements. We show that the dimension of this scale is distinct from trust in institutions and trust in known others. Our new scale is a valid and reliable measure of trust in strangers. The scale is valid in the sense that it correlates with trusting behaviour in the experiment. Furthermore, we demonstrate that the test-retest reliability of six weeks is high. The experimental measure of trust is, on the other hand, not significantly correlated with trust in institutions nor with trust in known others. We therefore conclude that the experimental measure of trust refers not to trust in a general sense, but specifically to trust in strangers.","PeriodicalId":126614,"journal":{"name":"LSN: Experimental Studies (Topic)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134195546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 220

Desperate Vs. Deadbeat: Can We Quantify the Effect of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005? 绝望vs游手好闲:我们能量化2005年破产滥用预防和消费者保护法的效果吗?

LSN: Experimental Studies (Topic) Pub Date : 2008-10-23 DOI: 10.2139/ssrn.1298632

C. Weller, B. Morzuch, Amanda M. Logan

{"title":"Desperate Vs. Deadbeat: Can We Quantify the Effect of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?","authors":"C. Weller, B. Morzuch, Amanda M. Logan","doi":"10.2139/ssrn.1298632","DOIUrl":"https://doi.org/10.2139/ssrn.1298632","url":null,"abstract":"For decades, personal bankruptcies increased in the U.S., either reflecting growing economic distress of families or a declining stigma associated with filing for bankruptcy. In a nod to the latter argument, the U.S. Congress passed the Bankruptcy Abuse Prevention and Consumer Prevention Act of 2005 (BAPCPA), after bankruptcies had grown to record high rates. The assumption was that with the new law many if not most bankruptcies would eventually disappear since they supposedly were the result of a “bankruptcy of convenience”. The U.S. bankruptcy rate fell indeed sharply after the law went into effect, but increased quickly again afterwards. By the end of 2007, the U.S. bankruptcy rate exceeded all levels recorded during the 1980s, and approached the levels prevalent during the early 1990s. But it remains unclear how much of these changes resulted from BAPCPA and what was attributable to other factors. In this Working Paper, the authors establish a benchmark level of the U.S. bankruptcy rates after 2005 that likely would have been observed if the law had not changed. They then compare the actual U.S. bankruptcy rate to the benchmark for 2007 to provide a sense of the effectiveness of BAPCPA.","PeriodicalId":126614,"journal":{"name":"LSN: Experimental Studies (Topic)","volume":"205 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123260627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Male and Female Competitive Behavior: Experimental Evidence 男性和女性竞争行为:实验证据

LSN: Experimental Studies (Topic) Pub Date : 2005-11-01 DOI: 10.2139/ssrn.851227

Nabanita Datta Gupta, Anders U. Poulsen, M. Villeval

引用次数: 1

Unintended Consequences of Property Tax Relief: New York’s STAR Program 财产税减免的意外后果:纽约的STAR计划

LSN: Experimental Studies (Topic) Pub Date : 2005-10-01 DOI: 10.2139/ssrn.1814022

T. Eom, W. Duncombe, John M. Yinger

引用次数: 24

Small Trader Reactions to Consecutive Earnings Surprises: A Market Test of Behavioral Theory* 小交易者对连续盈利意外的反应:行为理论的市场检验

LSN: Experimental Studies (Topic) Pub Date : 2005-01-05 DOI: 10.2139/ssrn.449882

Devin M. Shanthikumar

引用次数: 12